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REGISTERED NUMBER: 04359775 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

FLOORSPAN HOLDINGS LIMITED

FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLOORSPAN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: N K Dighton



SECRETARY: Mrs S J Dighton



REGISTERED OFFICE: 9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR



REGISTERED NUMBER: 04359775 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Thomas McManners BSc ACA



AUDITORS: TTCA Limited
Chartered accountants and statutory auditor
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY

FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,068,454 3,238,553
Investments 6 - 336,473
3,068,454 3,575,026

CURRENT ASSETS
Debtors 7 1,809,206 1,313,655
Cash at bank 236,977 106,443
2,046,183 1,420,098
CREDITORS
Amounts falling due within one
year

8

2,412,297

2,540,435
NET CURRENT LIABILITIES (366,114 ) (1,120,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,702,340

2,454,689

CREDITORS
Amounts falling due after more
than one year

9

-

(78,762

)

PROVISIONS FOR LIABILITIES (221,848 ) (218,226 )
NET ASSETS 2,480,492 2,157,701

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,480,392 2,157,601
SHAREHOLDERS' FUNDS 2,480,492 2,157,701

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





N K Dighton - Director


FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Floorspan Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 30,800
AMORTISATION
At 1 June 2022
and 31 May 2023 30,800
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2022 1,613,853 859,970 2,861,792
Additions - 72,155 135,165
Disposals - - -
At 31 May 2023 1,613,853 932,125 2,996,957
DEPRECIATION
At 1 June 2022 332,269 403,539 1,503,984
Charge for year 52,621 78,187 209,832
Eliminated on disposal - - -
At 31 May 2023 384,890 481,726 1,713,816
NET BOOK VALUE
At 31 May 2023 1,228,963 450,399 1,283,141
At 31 May 2022 1,281,584 456,431 1,357,808

FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 127,394 241,337 74,674 5,779,020
Additions - - - 207,320
Disposals - (18,902 ) (64,789 ) (83,691 )
At 31 May 2023 127,394 222,435 9,885 5,902,649
DEPRECIATION
At 1 June 2022 106,253 123,924 70,498 2,540,467
Charge for year 5,291 20,031 3,262 369,224
Eliminated on disposal - (10,707 ) (64,789 ) (75,496 )
At 31 May 2023 111,544 133,248 8,971 2,834,195
NET BOOK VALUE
At 31 May 2023 15,850 89,187 914 3,068,454
At 31 May 2022 21,141 117,413 4,176 3,238,553

6. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST
At 1 June 2022 336,473
Disposals (336,473 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 336,473

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,803 5,803
Amounts owed by group undertakings 1,705,693 1,219,962
Other debtors 97,710 87,890
1,809,206 1,313,655

FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 13,583
Trade creditors 607 92,292
Amounts owed to group undertakings 1,797,600 2,395,457
Taxation and social security 109,017 -
Other creditors 505,073 39,103
2,412,297 2,540,435

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 78,762

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 19,949

10. SUMMARY AUDIT OPINION

The auditor's report for the year ended 31 May 2022 was unqualified.

The senior statutory auditor was Thomas McManners BSC ACA, for and on behalf of TTCA Ltd.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
N K Dighton
Balance outstanding at start of year (18,299 ) 56,200
Amounts advanced 153,557 501,495
Amounts repaid (619,527 ) (575,994 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (484,269 ) (18,299 )

These loans are unsecured and interest free.

FLOORSPAN HOLDINGS LIMITED (REGISTERED NUMBER: 04359775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

12. RELATED PARTY DISCLOSURES

Westview Investments (Peterborough) Limited is a company in which N K Dighton is a director. This company is owned by Westview Holdings Limited; N K Dighton is also a director of Westview Holdings Limited. N K Dighton and his wife, Mrs S J Dighton, each own 12% of the shares in Westview Holdings Limited.

The company has provided an unsecured and interest-free loan to Westview Investments (Peterborough) Limited. At the balance sheet date, the amount loaned was £Nil (2022: £57,812).

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling parent is Floorspan Investments Limited, a company incorporated in the United Kingdom. Group accounts have been drawn up for this company. The registered office address of Floorspan Investments Limited is 9 Commerce Road, Lynch Wood, Peterborough, United Kingdom, PE2 6LR.

The ultimate controlling party is N K Dighton.